Tesla Forms Golden Cross for First Time in Over a Year, Signaling Potential 25% Bullish Trend

Tesla Inc. (TSLA) is experiencing significant market activity, marked by the formation of a 'Golden Cross' for the first time in over a year. This technical indicator, where the 50-day moving average crosses above the 200-day moving average, suggests a potential bullish trend. Analysts are noting that TSLA is breaking out of a period of consolidation, with one observer highlighting that the stock has risen above a three-year downtrend. The last occurrence of a Golden Cross resulted in a near-term increase of approximately 25%, indicating potential for further gains. Currently, TSLA is showing resilience against market dips, maintaining its upward momentum.